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Massive fire breaks out at Deepak Nitrite’s Vadodara plant, NIA is the lead insurer

by AIP Online Bureau | Jun 2, 2022 | Indian News, Non-Life, Risk Management

The general insurers who have to now pay any claims are- New India Assurance that has a 45 per cent share in the insurance policy of Deepak Nitrite along with Future Generali (12.5 per cent), ICICI  Lombard General Insurance (10 per cent share) RSA (10 per cent) SBI...
Trillions at stake in India as women disappear from workforce

Trillions at stake in India as women disappear from workforce

by AIP Online Bureau | Jun 2, 2022 | Eco/Invest/Demography, Health, Indian News, Pandemic, Workplace/Employee Benefits

Closing the employment gap between men and women — a whopping 58 percentage points — could expand India’s GDP by close to a third by 2050. That equates to nearly $6 trillion in constant US dollar terms, according to a recent analysis from Bloomberg Economics The...

US P/C insurer capital sufficient to withstand Hurricane Season

by AIP Online Bureau | Jun 2, 2022 | Disaster & Management, International News, Non-Life, Reinsurance

Capital strength provides insurers with an ability to withstand losses from large adverse events, including catastrophes. Industry policyholders’ surplus (PHS) increased by 40% over the last three years and now exceeds $1 trillion The June/July mid-year 2022...

Govt proposes to amend social media rules; to set up grievance panel

by AIP Online Bureau | Jun 2, 2022 | Indian News, Policy, Regulation, Risk Management, Technology

The proposed move assumes significance against the backdrop of instances of accounts, including that of celebrities, being blocked by social media platforms such as Twitter for alleged violation of respective community guidelines NEW DELHI: The Centre plans to set up...
SBI General floats new health vertical, ties-up with Apollo 24×7

SBI General floats new health vertical, ties-up with Apollo 24×7

by AIP Online Bureau | Jun 2, 2022 | Health, Indian News, Non-Life

PC Kandpal, MD & CEO, SBI General PC Kandpal, MD & CEO, SBI General said “The launch of the new health insurance vertical will enable us to meet the rising demand of health insurance, and to provide best-in-class customer service. Through this vertical, we...
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